Detroit braces for a flood of tax foreclosures - The Detroit News


Detroit braces for a flood of tax foreclosures
The Detroit News
said Chris Uhl, a vice president with the Skillman Foundation, which is working with nonprofits to prevent the foreclosures. "We're reaching the tipping point in neighborhoods. When you foreclose on halfway decent housing stock, it's going to ...

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Cash Homebuyers Pull Back as Foreclosures Vanish in U.S. - Bloomberg


Bloomberg

Cash Homebuyers Pull Back as Foreclosures Vanish in U.S.
Bloomberg
The U.S. housing market is returning to health eight years after the foreclosure crisis began as the job market improves, demand increases and mortgage delinquencies stabilize. Contracts to purchase previously owned homes rose in May to a nine-year ...
Foreclosures Up As Housing Market Eyes New Inventory WFC BACInvestor's Business Daily

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3 More Taxi Medallion Foreclosures in New York City - TheStreet.com


TheStreet.com

3 More Taxi Medallion Foreclosures in New York City
TheStreet.com
NEW YORK (TheStreet) -- Three more taxi medallions were transferred in foreclosure sales in June, according to a release from the New York Taxi and Limousine Commission. This brings the total to 15 in the past 18 months, compared with eight total in ...


Foreclosures leave a wake of drugs, squatters, arson - The Detroit News


The Detroit News

Foreclosures leave a wake of drugs, squatters, arson
The Detroit News
Greensboro Street on Detroit's east side was decimated by foreclosure: Since 2005, 33 of 38 homes on the block from Berkshire to Wade were foreclosed because of unpaid mortgages or taxes. Today, about a dozen residents remain and say they're ...

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The program that is stopping local tax foreclosures - Lansing State Journal


The program that is stopping local tax foreclosures
Lansing State Journal
Tax foreclosures in Ingham County were at their lowest point since the Great Recession last year. The Ingham County Treasurer's Office recorded 189 foreclosures in 2014 for property taxes owed in 2012. Since it takes two years for a property to go into ...

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Foreclosures fuel Detroit blight, cost city $500 million - The Detroit News


The Detroit News

Foreclosures fuel Detroit blight, cost city $500 million
The Detroit News
The Detroit News scoured thousands of property records to catalog the conditions of 65,000 mortgage foreclosures since 2005. The investigation shows for the first time the extent of damage to neighborhoods and the bill Detroit inherited when foreclosed ...
Report details how subprime lending, foreclosures hurt DetroitFinance and Commerce
Report details how subprime lending, foreclosures hurt cityThe Elkhart Truth

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